Business and Economy
Obama didn’t deserve a first term much less a second term; NY Times blames Republicans, not Obama for deficit crisis; Foreign demand for U.S. debt has record decline
Majority of Americans say President Obama doesn’t deserve a second term, but the reality is that he wasn’t qualified for a first term.
New York Times blames Republicans and their partisanship for looming debt crisis, but assigns no blame to President Obama. Yes, President Bush and Republicans are partly to blame for the debt but [...]
20% terrorist recidivism rate acceptable to Obama’s terrorism czar; Obama dictatorial-like behavior continues; Ellis Washington on Thomas Sowell
President Obama’s counterterrorism czar believes that a 20% terrorist recidivism rate is “acceptable.” He compares terrorists to criminals (I know, it’s shocking an Obama administration official would do such a thing!). We shouldn’t be satisfied with a 20% recidivism rate. We should strive for 0%.
What have President Obama and Rahm Emanuel learned from Scott Brown’s [...]
Sowellian economics
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
–Thomas Sowell
Intellectual, economist and Hoover Institute Senior Fellow Thomas Sowell has made many magnificent contributions to the marketplace of ideas to which few [...]
Iran is officially a nuclear state; Number of illegals decreases in U.S.; Niall Ferguson rebuffs Tim Geithner
From today’s podcast:
And the award for least shocking story of this early year goes to? Iran is a nuclear state! How about some more sanctions, because they’re working marvelously.
The number of illegal aliens in the U.S. has decreased from 11.6 to 10.8 million in 2009. See? I told you there was a bright side to [...]
Burt Folsom compares Obama to FDR, current economic situation to Great Depression
Burt Folsom compares Obama to FDR and the current economic crisis to the Great Depression in today’s edition of The Conservative Beacon podcast.
Links for today’s podcast:
Obama’s counterterrorism czar obsessed over criticism, writes lecturing op-ed
Army warned of jihadist threat in 2008
Moody’s hints at lowering U.S. credit rating; Egyptian sources: Israel planning to attack Iran
Links for today’s podcast:
Moody’s warns U.S. of credit rating fears
U.S. debt to hit proposed ceiling by end of February
Egyptian sources: Israel preparing to attack Iran
Google doing its part to sweet-sell Islam
Google should change it’s slogan to: “Google–The official search engine of Islam.” Here’s why:
Google’s search engine returns common results to most queries as you type. But the “don’t be evil” company appears to be censoring its results when it comes to Islam.
Type a few words into the search field on Google’s home page and [...]
Chairman Obama and Geithner extend TARP’s life
Here’s the story.
U.S Treasury Secretary Timothy Geithner said the Obama administration would extend the $700 billion financial-sector bailout by 10 months but would limit the funds to just a few areas, such as housing and small business.
In letters to lawmakers, Mr. Geithner said he would extend the Troubled Asset Relief Program through October 3, 2010. [...]
Work Site Arrests of illegal Immigrants Decrease Dramtically Under Obama Administration
From the Washington Times:
Arrests of illegal immigrant workers have dropped precipitously under President Obama, according to figures released Wednesday.
Criminal arrests, administrative arrests, indictments and convictions of illegal immigrants at work sites all fell by more than 50 percent from fiscal 2008 to fiscal 2009.
According to the newly released figures, administrative arrests of violators of immigration [...]
Unemployment Hits 10% for First Since Early 80s
The unemployment rate sits at 10.2%, the highest it has been since 1983.
What happened to saving and creating jobs with your wasteful stimulus package, Chairman Obama? Remember that? It was supposed to save the economy, just like Bush and Paulson’s TARP debacle.
Get ready folks. We are headed for a prolonged period of high unemployment, little [...]
